Quotes of BRENT crude oil continue to move in line with growth. At the moment, we should expect a test of the support level near the area of 69.10 dollars per barrel. Further, the continued growth of oil in the area above the level of 72.50.
BRENT forecast & technical analysis April 11, 2018
In favor of the growth of quotations and prices for oil BRENT will test the trend line on the indicator of relative strength index (RSI). Cancellation of the variant of oil price growth will be a drop and breakdown of the level of 68.00 dollars per barrel, which will indicate the breakdown of the lower border of the channel and the continuation of the drop in quotations below the level of 66.50. To expect confirmation of the growth in the price of oil is with the breakdown of the resistance area and the closing above the level of 71.80.
BRENT forecast & technical analysis April 11, 2018 suggests an attempt to test the level of support near the area of 69.10 and continue growth with a target above 72.50, the abolition of the variant of the growth of the price of BRENT oil will be a drop and a breakdown of 68.00 level, which will indicate the continued fall in quotations in the area is below the level of 66.50.